“We view Michigan as a particularly important market given the state’s substantial population and large medical-use market,” Canacord Genuity cannabis analyst Bob Burleson wrote in a note Wednesday morning. “We estimate Michigan’s market for marijuana to be valued at $856 million in 2018, growing to approximately $1.3 billion in 2022.”

While cannabis laws continue to change state by state, primarily through ballot measures, experts note that increasing support across the country could push federal legalization to happen more quickly.

“Momentum is gaining for change in Congress to allow states to determine their own marijuana policies,” Morgan Fox, media relations director at the National Cannabis Industry Association, told Wired. “Two-thirds of the country wants marijuana to be legal, and politicians are ignoring that at their peril.”